$0.($Prepare a compound entry to record depreciation on both the equipment and

the trucks.$)$ Read thork. The amount of the weekly payroll is $$8,000$ for a five$-$day workweek. This year, December

$31$ falls on a Thursday. Lindy Legal Services will pay its employees on January a$.$ Each Friday, Lindy Legal Service $ pays employees for the current week's work. The amount of the

weekly payroll is $$8,000$ for a five$-$day workweek. This year, December $31$ falls on a Thursday.

Lindy Legal Services will pay its employees on January $1.$

b$.$ On January $1$ of the current year, Lindy Legal Services purchases an insurance policy that covers

two years, $$4,500.$

c$.$ The beginning balance of Supplies was $$3,700.$ During the year, Lindy Legal Services purchased

supplies for $$5,700,$ and at December $31$ the supplies on hand total $$1,400.$

d$.$ During December, Lindy Legal Services provided legal services, and the client prepaid $$10,000.$

Lindy Legal Services recorded this amount as Unearned Revenue. The job will take several

months to complete, and Lindy Legal Services estimates that the company has earned $70\%$ of the

total revenue during the current year.

e$.$ At December $31,$ Lindy Legal Services had earned $$3,500$ for legal services completed for Transit

Appliances. Transit Appliances has stated that it will pay Lindy Legal Services on January $10.$

f$.$ Depreciation for the current year includes Equipment, $$3,200$; and Furniture, $$1,700.$

g$.$ Lindy Legal Services has incurred $$200$ of interest expense on a $$400$ interest payment due on

January $15.$ Journalize the adjusting entry needed on December $31$ for each of the items

affecting Lindy Legal Services. Assume Lindy Legal Services records adjusting

entries only at the end of the year.

Journalize the subsequent journal entries for adjusting entries $a,d,$ and $g.$